UBS GAM launches Pacific-focused sustainable equities ETF on Xetra

UBS Global Asset Management (UBS GAM) has launched a new ETF focused on investments in sustainable equities in the Pacific region.

With the UBS ETF (LU) MSCI Pacific Socially Responsible UCITS ETF (USD) A-acc, investors can invest in large and medium-sized companies from five industrialised nations in the Pacific region, considering sustainability criteria. Companies with significant business activities in the fields of nuclear energy, tobacco, steam coal, alcohol, gambling, weapons and genetically modified organisms are excluded from the index. The weighting of a stock is limited to a maximum of five per cent.

Any dividends received are reinvested. The annual costs amount to 0.40 per cent.